Department of Numbers

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Joplin, Missouri Home Affordability

The data below measures home affordability for the Joplin, Missouri metropolitan area using price-to-income and price-to-rent metrics.1 The maximum affordable loan amount for the median household income is also calculated. You can also compare Joplin home affordability to other cities.

Joplin, Missouri Home Price-to-Income Ratios

The second chart shows a history of the ratio as an index calculated from the Federal Housing Finance Agency's Joplin HPI series. Median household income data for Joplin is from the Census American Community Survey.

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Joplin, Missouri Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 115.4
September 2013 113.1
June 2013 113.9
March 2013 113.4
December 2012 115.3
September 2012 115.6
June 2012 111.8
March 2012 114.1

Joplin, Missouri Home Price-to-Rent Ratios

The chart below shows an index of the rent ratio calculated from the metro FHFA HPI series and the Joplin median contract rent data from the Census ACS.

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Joplin, Missouri Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 100.5
September 2013 98.5
June 2013 99.2
March 2013 98.7
December 2012 100.4
September 2012 100.7
June 2012 97.3
March 2012 99.3

Joplin, Missouri Inferred Affordable Mortgage

The inferred affordable mortgage value is determined by taking the median household income for Joplin, Missouri and calculating the mortgage 30% of that income could afford. Traditionally, 30% of income is the maximum amount a homeowner could use towards a home loan. Inferred affordable loan values are calculated from ACS median household income and average monthly mortgage rates.

Inferred Affordable Mortgage

Joplin, Missouri Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $193,125
January 2014 $190,180
December 2013 $189,510
November 2013 $194,045
October 2013 $195,671
September 2013 $188,844
August 2013 $189,510
July 2013 $191,531
June 2013 $198,505
May 2013 $211,780
April 2013 $214,164
March 2013 $210,994
February 2013 $212,043

1. Specifically, home prices are from the non seasonally adjusted FHFA all-transactions quarterly series. Dollar ratios are calculated using NAR metro prices when available. Rent and income data are from the Census ACS and are carried forward into the following year prior to release of the new data. ↩

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